Cabinets wants to increase excises on tobacco products

At the expense of increased excise duties on alcohol and tobacco, the Cabinet of Ministers has intent to collect 3.3 billion hryvnias in the state treasury. According to Ukrainian mass media, the money will be channeled to provide relief to floods victims.

The governmental draft law proposes to increase excise duties on tobacco products from 12.5 to 16%. The minimal price of tobacco products will grow from 8 to 18 hryvnias per thousand sticks of cigarettes without filter, and from 18 to 40 hryvnias per thousand sticks of filter-tipped cigarettes.

Serhiy Teryokhin, the chief of the Committee for Finance and Banking Activities, informed that the Committee agreed to increase excise duties on tobacco. In addition to the government’s draft law, a president’s draft of amendments to state budget was forwarded to the Verkhovna Rada.

The Head of State is categorically opposed to increasing excise duties on alcohol and tobacco.

ForUm

Discuss news in the Forum

One-line news

14:05 Starting on November 18, Ukraine became member of the Council of Europe Committee of Ministers' Bureau, Ukraine's CE mission reported.

19 November 2009

17:03 Eighty percent of Ukrainians want to have strong president, survey shows.

16:02 Ukrainian painter's canvas exhibited in Bulgarian parliament.

All news

News

20 November 2009

17:49 Ukraine seeking part in Russia's Glonass project

16:15 Signing of gas contract is a joint victory for Ukraine and Russia

15:09 Flu quarantine cancelled in Ukraine

13:05 Putin says no gas crisis with Ukraine on New Year's

11:03 Yushchenko stresses importance of developing direct ferry service between Ukraine, Georgia

19 November 2009

17:59 WHO detects no mutation of A(H1N1) flu virus in Ukraine

16:32 Payment for Russian gas transit will grow twofold since January 1, 2010 - Prime Minister

14:45 Yushchenko asks Russia to alter gas contract

12:43 Ukraine lost the home match to Greece

10:40 Regions party collects 173 signitures for Cabinet's resignation

18 November 2009

16:30 President hoping to attract investments on the occasion of Euro-2012

14:29 Ukraine, EU to sign agreement on gas crisis prevention

12:50 European Union to send over 700 monitors to presidential elections in Ukraine

11:04 Junior Eurovision Song Contest 2009 opening in Kyiv

16 November 2009

16:35 Russia may modernize Ukrainian gas pipelines - energy minister

All news

Top

Editorial staff:english@for-ua.com
Republication or redistribution of ForUm content, including by framing or similar means,
is allowed with the reference to en.for-ua.com only.
All rights are reserved by © LTD. Inter-Media, ForUm 2001-2009

Development by WebSysBox